Category Archives: COVID-19

Don’t Blame the Workers

Posted on December 16, 2022 by Popular Economics Weekly

Popular Economics Weekly FREDavghourlywages What are we to make of Senator Elizabeth Warren’s reaction to Fed Chair Powell’s recent remarks on inflation? “He’s pushing hard to get more people fired because he thinks that is one way to help bring … Continue reading →

Posted in Consumers, COVID-19, Economy, Keynesian economics, Weekly Financial News | 1 Comment

What Is the Real Inflation Rate?

Posted on December 14, 2022 by Popular Economics Weekly

The Mortgage Corner MarketWatch Nobel Prize-winner Joe Stiglitz has weighed in once more against Chairman Powell’s Federal Reserve boost of short-term interest rates further; because curent short-term rates have almost returned to the 2 percent target range—if we consider what … Continue reading →

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Corporate Profits the Inflation Culprit?

Posted on December 12, 2022 by Popular Economics Weekly

Financial FAQs BusinessInsider Another just published economic indicator predicts inflation could be moderating faster than predicted by most analysts. The New York Fed’s consumer expectation survey just out reported median one-, three-, and five-year-ahead inflation expectations decreased to 5.2 percent, 3.0 percent, … Continue reading →

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Consumer Sentiments Rising As Inflation Declines

Posted on December 9, 2022 by Popular Economics Weekly

The Mortgage Corner UnivMichigan Consumers are feeling more optimistic, and it’s probably because they are seeing price rises beginning to moderate and prices decline in some areas. The University of Michigan reported in its preliminary sentiment survey for December that … Continue reading →

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Government Is Solution (Not the Problem)

Posted on December 5, 2022 by Popular Economics Weekly

Financial FAQs BEA.gov It looks increasingly like the economy is doing the Federal Reserve’s work in bringing down inflation, says the most recent economic data. And our government is doing its part. Much of recently enacted U.S. government programs will … Continue reading →

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Too Many New Jobs?

Posted on December 2, 2022 by Popular Economics Weekly

Popular Economics Weekly FREDavghourlywages The Fed Governors won’t like this morning’s unemployment report. The U.S. Census Bureau just reported that 263,000 nonfarm payroll jobs were created in November and average hourly wages are still rising 5.1 percent annually. To make … Continue reading →

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Inflation Decline Accelerating

Posted on December 1, 2022 by Popular Economics Weekly

Financial FAQs The Personal Consumption Expenditure Index (PCE) is declining as well, which is a broader measure of inflation preferred by the Federal Reserve than the Consumer Price Index (CPI). This is probably why Fed Chair Powell sounded more dovish … Continue reading →

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Q3 Economic Growth Even Higher!

Posted on November 30, 2022 by Popular Economics Weekly

Popular Economics Weekly BEA.gov What is going on? The U.S. of Economic Analysis (BEA) just revised third quarter GDP growth higher, from 2.6 percent to 2.9 percent. And why? Mainly because consumers upped their spending in Q3, which increased 1.7 … Continue reading →

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Record Amount Housing Under Construction

Posted on November 28, 2022 by Popular Economics Weekly

The Mortgage Corner Calculated Risk There are a record number of housing units under construction, in part because of pandemic delays in construction (e.g., material shortages), but also because home sales have fallen sharply since the Fed’s rate hikes. This … Continue reading →

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Is It a Recession or Recovery?

Posted on November 21, 2022 by Popular Economics Weekly

Popular Economics Weekly The recent 1,000 + point surge of the DOW following news of declining inflation in the latest CPI report may have been prompted by the Leuthold Group’s noted market analyst Jim Paulsen in a recent CNBC interview, … Continue reading →

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